CARE Ratings has reaffirmed its ‘AAA’ rating with a Stable outlook for Mahindra & Mahindra Limited’s (M&M) bank facilities totaling ₹2,173.17 crore.
Key Highlights
Market Position
- Tractors: 43.3% market share (up from 41.6%)
- Utility Vehicles (UV): Revenue market share increased from 20.4% to 22.5%
- Light Commercial Vehicles (LCV): Leading position in the 3.5T segment
Financial Performance
| Metric | Current Year | Previous Year | Growth |
| Total Operating Income | ₹161,391.90 crore | ₹141,254.70 crore | +14.26% |
| EBITDA | ₹32,699.20 crore | ₹27,068.30 crore | +20.80% |
| Net Profit | ₹14,073.20 crore | ₹12,269.80 crore | +14.70% |
| Operating Profit Margin | 19.17% | 17.90% | +1.27 pp |
Balance Sheet Strength
- Cash & liquid investments: ₹30,829 crore
- Overall gearing ratio: 0.11x (improved from 0.13x)
- Maintains a net debt-free status
Business Profile
M&M operates across diversified segments including automotive, farm equipment, and allied businesses.
Recent Developments
- Acquisition of 58.96% stake in SML Isuzu Limited
- Planned capital expenditure and investments of ₹37,000 crore over the next three years for new platforms, electric mobility development, product launches and capacity enhancement.
Disclaimer:
This article is intended solely for educational and informational purposes. The securities or companies mentioned are provided as examples and should not be considered as recommendations. Nothing contained herein constitutes personal financial advice or investment recommendations. Readers are advised to conduct their own research and consult a qualified financial advisor before making any investment decisions.
Investments in securities markets are subject to market risks. Please read all related documents carefully before investing.